Organizational structure of Caisse populaire St-Laurent et Caisses d'Économie des Cantons et des employés industriels
Ogujiofor, Emezie Alexander
Nigeria, like so many other countries is in her developing stage. And because of her political, religions and other structures, the country needs, among other forms, a co-operative economy, to tackle her problems. The cooperatives she needs should not all be owned and administered by the Government, some should be fully owned, financed and controlled by the members. For these co-operative societies, like any other enterprises, to develop, they need the finance and the people to manage the resources (material and human). Co-operative banks (rural or otherwise) will provide this finance and leadership, and act as a centre for co-operative societies. Co-operative banks have some other functions to perform also. For example, dwellers in rural areas of Nigeria find it difficult to save money because the banks are only in the cities or in far away places. Therefore, if these people want to save money, they spend a lot on transport to save little in the banks. Rural co-operative banks will surely help to reduce loss of money each time Nigeria changes her currency. It may be of interest to know that Nigeria, for polititical or economic reasons, has changed her currency three times in one and a half decade. And in each occasion, the time lapse is very short. This short period coupled with the choatic situation it produces, most rural dwellers are not able to deposite their life savings in the banks in the cities. Rural co-operative banks can help the government to estimate how much of her currency is in circulation because, where they are available, rural dwellers will be using these banks instead of hiding their money under their pillows. Sometimes people may have their houses reduced to ashes, and when this happens, rural dwellers, in particular, loose all their life savings. The absence of rural co-operative banks or any such institution, makes transfer of money to rural areas an impossibility. Therefore during festivals, people go home carring, all in liquid cash, the fund they need for such occasions thereby calling for marauders on the highways and on other routes. This age where people need to have and manage their own affairs themselves, for rural dwellers, a rural co-operative bank will serve this and other needs enumerated above. What we seek, therefore, in this study is to implant or establish rural co-operative banks in Nigeria, using the model of organisational structure already in existence in Quebec, province of Canada.
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